business
Safaricom boost as Ethiopia slashes termination charges
Safaricom's subsidiary in Ethiopia has been handed a boost after the country’s...
E-commerce startup MarketForce shuts down RejaReja distribution unit
While MarketForce originally started off as a sales automation software in 2018, it later...
Standoff as community fights to buy Lipton Tea assets
Plans by CVC Capital Partners to sell tea estates have run into headwinds as a consortium of...
Nairobi’s satellite towns post double-digit land price gains
A majority of Nairobi’s satellite towns recorded double-digit price growth in the year to March...
How top lawyer Eric Gumbo made his luck
Eric Gumbo is holding court in his backyard, a sweeping garden in Nairobi’s Runda.
10,000 private firms reported for money laundering deals
More than half of the 10,733 private companies reported for money laundering in Kenya are in...
Netflix Announces It Will Stop Reporting Subscriber Numbers in 2025
Netflix recently announced its Q1 2024 earnings report. The streaming giant noted that it topped expectations in terms of adding subscribers, gaining 9.33 million during that time and reaching almost 270 million subscribers around the world. However, despite surpassing Wall Street expectations, Netflix has announced that it will no longer be reporting subscriber numbers in 2025. While subscriber counts did go up, Netflix shares dropped more than 4.5% in after-hours trading. In its Q1 report to shareholders, Netflix said that engagement, which is measured in time spent on the platform, is the "best proxy for customer satisfaction." Therefore, it will no longer be reporting quarterly membership or average revenue per member. Netflix will be announcing "major subscriber milestones as we cross...
Artists paint horrors of Sudan’s civil war
Amnesty International Kenya had been planning to commemorate the first anniversary since the...
Improve mineral wealth checks
The other day, we woke up to the news that the government had suspended two Chinese mining...
UK firm gets manganese exploration licence
UK mining firm, Marula, has been awarded a Kenyan trading licence for manganese.
Landlords to reserve special slots for electric car chargers in new law
Owners of malls, factories, gated communities, and apartments will be required to reserve at...
Revealed: Sh14bn KCB, Absa exposure in Savannah Cement
KCB Group and Absa Bank Kenya are facing a Sh14.12 billion hit in the loss-making Savannah Cement.
